The decisions last week by Saudi Arabia to continue its 1 million barrel per day (bpd) production cut to the end of this year and by Russia to extend its 300,000 barrels per day export cut for the same period conspired to push oil prices to their highest level since last November…
SHOT: Biden Cancels Previously Issued ANWR Oil and Gas Leases in Alaska…
24 hours before Joe Biden announced he was cancelling all previously issued oil and gas leases in Alaska’s ANWR region, Saudi Arabia and Russia announced oil production limits would continue. Oil prices spiked near $100/bbl and then Joe Biden amplifies the problem by cancelling previously sold oil and gas leases…
CHASER: Oil Prices Surge After Saudi Arabia and Russia Announce Extended Oil Production Cuts Through End of 2023…
Oil prices shot passed $90/bbl today after Saudi Arabia and then Russia announced a continuance of production cuts through the end of this year…
Middle Class Meltdown: Thanks To the Reckless Policies of Our Leaders, the Middle Class in the U.S. Is in Huge Trouble…
The middle class in the U.S. has been steadily shrinking for decades, but in recent years our leaders have greatly accelerated that process. In 2020, 2021 and 2022 they absolutely flooded the system with new money, and almost all of that new money went into the pockets of the wealthy…
CBDCS: The Ultimate Corruption of Money…
Central bank digital currencies (CBDCs) would further corrupt fiat money, eroding purchasing power and increasing censorship…
There Is a Financial Crisis Brewing in Offshore Wind Energy…
The recent cancellations of major offshore wind projects have erased billions of dollars in planned spending and put at least 9.7 additional gigawatts of offshore wind projects in the U.S. at risk…
Investors Go ‘All In’ on the Soft Landing Narrative…
Investors have now gone “all in” on the soft landing narrative, just like they did in 1989, 2000 and 2007…
Dutch PM Who Presided Over ‘Farmer’s Revolt’ Resigns As Coalition Government Crumbles…
Dutch Prime Minister Mark Rutte has submitted his government’s written resignation to King Willem-Alexander, who interrupted his holiday to receive it…
CPI Tumbles to 2-Year Lows, But Goods Prices Reaccelerate; Inflation Outpaces Wages for 26th Straight Month…
With CPI set for a ‘historic drop’, the market has FOMO’d into this print (and tomorrow’s FOMC) with the headline print expected to tumble from +4.9% YoY to +4.1% YoY. However, The Fed’s new favorite signal from The BLS is Core Services CPI Ex-Shelter, and that declined to +4.6% YoY – lowest since March 2022…
“A Lot More Bodies Coming” – Druckenmiller Warns of “Hard Landing”, Blasts Fed “Free Money” Making People Do “Really Stupid Things”…
Stan Druckenmiller thinks the US economy is teetering on the edge of a recession, predicting a “hard landing”, and warning that “there’s a lot more bodies coming” with regarding regional banks and corporate bankruptcies…
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